Bulk transactions accounted for about 81% of Vinhomes’ property sales and 70% of profit in the first half, according to Vietcap estimates cited by VnExpress. A Vinhomes executive said the approach can bring cash in earlier and share development responsibilities with partners, depending on a project’s stage. Signing a transaction does not necessarily mean recognising all revenue immediately; timing depends on contracts and accounting conditions. Individual deal profitability also varies with costs and selling prices.